Anyone charter there own JET?

www.kidschattingaboutairliners.net is a waste of time except for the pics.

 

I can't imagine the headaches involved with owning a jet unless you have someone to take care of it and pay for it through a corp.

Oh wait - yes I can...

I sold my Baron years ago because I got tired of the hassles associated with a twin and even my Piper Turbo Arrow required alot of maintenence downtime.

I have chartered a few times through Butler in Chicago and it's worth it not to deal with ownership.

Also jets are about to get alot more competitive to charter with the dawn of VLJs like the Eclipse.

Maybe I'm just gettin' old but I'm thinking a Citabria and letting someone else do the heavy flying.

 

My cousin is a pilot for a man that does that and makes good money.

 

George,

I've never seen it work. The costs will eat you up. If you can afford it and want the freedom of having your plane ready when ever you want, great. If you want to charter it out to offset expences, I think you would be better off chartering. That way you get the plane you need for the trip instead of fitting the trip to your plane.

Good luck

 

i work for Gulfstream and there are a large number of small business's buying our smaller G200 class aircraft and older GIVs and chartering them for a nice annual profit.

there are a surprising number of "regular" people who have Business Jets that use them to create cashflow, instead of being a huge expense.

 

Any job openings at Gulfstream? I love their planes.

 

I think to buy an airplane outright, one should consider typical use and mission. A thousand miles or less, and a big jet is a waste. Look at a TBM or PC12. Transcontinental? Consider a Citation X. Intercontinental? Get a G550.

Any questions?

 

I work (part time) for an aircraft management firm that manages and charters Gulfstreams and small aircraft, and I highly doubt there are many people who own and charter G200s or GIVs and actually make a profit. Revenue, yes, profit no.

Of course, it depends on how you define profit-- if by "profit" you mean they make money before expenses, then sure, they make a profit. If by "profit" you mean cover the fixed costs (hangar, insurance, crew, calendar maintenance) then very few make a profit. If by "profit" you mean all of the above plus cost of capital, then virtually no one makes a profit.

The only exceptions are aerial work operations (air ambulance, etc) and aircraft on dedicated lease arrangements. And even then it's questionable.

 

Don't forget the tax write off. Accelerated depreciation on assets that come with a seven digit price tag can be a big plus to the bottom line.

 

This is one of the many reasons owning isn't always the best move. The "mission" usually changes but the plane you own doesn't.

 

yes, lots. send me a email with your resume. i can get it in to HR and see what they say. i cant make any promises, but i know the ropes.

[email protected]

pm me as i am busy with work and school and dont always come back to threads i have posted in right away. sorry for the delay.

 

like Dallasguy said, its about the tax write off. i have yet to meet a poor Gulfstream owner. most are trying to upgrade to the G450 or G550 ASAP.

i just finished 4 weeks of Flight Safety training on the G450. the direction modern aircraft are going is amazing.


i am just a mechanic, so what do i know.

 

I agree that there aren't any poor Gulfstream owners-- but they didn't make their money from owning Gulfstreams!

I have to say that when I talk with a prospective aircraft owner, I always tell them that the mechanic is a far more important hire than the pilot!

 

My dad use to charter a Gulfstream 4 and 5, I forgot the company he used but we would buy a block of x hours and usually within 5-6 hours of a phone call they were here or enroute.

 

I fly w/ Marquis....they have a fleet so I can flex w/ biz or family vacation. I would prefer though to have a singular relationship w/ one pilot/mechanic.